The British Royal Mint, which is responsible for the production of all the physical money in circulation in the country, announced that it has launched its own gold-based crypto currency.
Royal Mint Gold, based on blockchain technology, is the gold hidden in the royal mint vault. a digital representative.
Royal Mint Gold’s advertising manager, Tom Coghill, said in an interview with Express.co.uk, one of the gold-selling Royal Mint companies The He said that Royal Mint Bullion is the first company in blockchain technology to allow its clients to own gold-backed property. Coghill also stated that one RMG coin is equal to one gram of gold, and that “when you own RMG, you have real gold.”
In a news shared by the World Gold Council, Bitcoin and gold were compared. Accordingly, Bitcoin made great progress in 2017, while gold remained an important and valuable investment as always.
Coghill said Bitcoin investments are more uncertain than investing in gold:
“Gold has been an important store of value for nearly 6,000 years, while Bitcoin is still new and its future is uncertain.”
This project of RMG was first launched in December 2016 by The Theatre. It was announced by the Royal Mint.
The UK is not the only country to create mining-backed cryptocurrencies. Last week, local sources announced in Australia that Perth Mint, the country’s largest mining refinery, is preparing to issue its own mining-backed cryptocurrency.
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